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Sasol Limited - Trading Statement
Sasol Limited
(Incorporated in the Republic of South Africa)
(Registration number 1979/003231/06)
(ISIN: ZAE000006896)
Share codes:
JSE - SOL
NYSE - SSL
(`Sasol`)
TRADING STATEMENT
When Sasol released its Interim Results on 7 March 2005, the following was said
in the profit outlook statement:
`Assuming exchange rates and international oil and commodity chemical prices
remain at more-or-less prevailing levels, it is anticipated that attributable
earnings in the second half of the financial year should be at least equal to
that achieved during the six-months period ended 31 December 2004.
In the intervening period, oil prices have been higher and the Rand : US dollar
exchange rate has been slightly weaker than anticipated. Furthermore,
notwithstanding the higher oil prices and the resulting adverse effect on oil-
derivative feedstock costs, profits in various chemical businesses are higher
than anticipated.
As a result, Sasol wishes to announce that Rand attributable earnings in the
second half of the financial year are now expected to be between 25% and 30%
higher than those achieved during the six-month period ended 31 December 2004.
Consequently, it is anticipated that attributable earnings and earnings per
share for the full financial year ending 30 June 2005, will be between 45% and
55% higher than those achieved in the previous financial year.
Headline earnings are expected to increase between 55% and 65% compared to the
previous financial year.
This revised view has not been audited or reviewed by the company`s auditors.
Johannesburg
25 April 2005
Issued by sponsor: Deutsche Securities (SA) (Proprietary) Limited
Forward looking statements
We may in this document make statements that are not historical facts and relate
to analyses and other information based on forecasts of future results and
estimates of amounts not yet determinable. These are forward-looking statements
as defined in the U.S. Private Securities Litigation Reform Act of 1995. Words
such as `believe`, `anticipate`, `expect`, `intend`, `seek`, `will`, `plan`,
`could`, `may`, `endeavour` and `project` and similar expressions are intended
to identify such forward-looking statements, but are not the exclusive means of
identifying such statements. By their very nature, forward-looking statements
involve inherent risks and uncertainties, both general and specific, and there
are risks that predictions, forecasts, projections and other forward-looking
statements will not be achieved. If one or more of these risks materialize, or
should underlying assumptions prove incorrect, actual results may be very
different from those anticipated. The factors that could cause our actual
results to differ materially from the plans, objectives, expectations, estimates
and intentions expressed in such forward-looking statements are discussed more
fully in our annual report under the Securities Exchange Act of 1934 on Form 20-
F filed on October 29, 2004 and in other filings with the United States
Securities and Exchange Commission. Forward-looking statements apply only as of
the date on which they are made, and we do not undertake any obligation to
update or revise any of them, whether as a result of new information, future
events or otherwise. |
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